Over the past decade the world of cross-border trade has been transformed. The ever-growing list of international tax regulation has reduced evasion and avoidance, but with the unintended consequence of an exponential increase in complexity. Aibidia is here to address this, with technology.
We have built the only purpose-built data platform for transfer pricing. It introduces a global common language, securely connects all of your data sources in a single place, and enables teams across territories and companies to collaborate there.
Genan uses Aibidia to cut manual work, become less personnel-dependent, stay compliant and remain prepared for the future.
Kemira has cut hundreds of hours of work by automating transfer pricing calculations and now monitors profit levels in real time with Aibidia’s technology.
Much like the IFRS has done for financial reporting, we have created a global common language for all transfer pricing and cross-border business management. For the first time, it ensures businesses and regulatory bodies can work with standardized, consistent and credible data worldwide, using a common international tax language - greatly reducing opportunities for discrepancies and confusion.
Having a consistent data model helps ensure that businesses comply with international regulations, reducing the risk of legal repercussions.
Different systems, platforms, and software can communicate better when there's a common language to use – leading to more efficient cross-border transactions and reporting.
When data is standardized it becomes easier to aggregate, analyze, and, ultimately, act on – facilitating better decision-making at both business and regulatory levels.
Our platform provides a single, central hub to manage transfer pricing data from multiple global entities – while also incorporating the latest regulatory and benchmarking data from trusted third-parties. This not only ensures consistency and accuracy, but offers multinational corporations full visibility and control over all of their data in one place.
You can integrate directly with your ERP systems, such as SAP S/4HANA, and other financial software to streamline data flow and reduce the need for manual data entry.
Store, track, and manage all your transfer pricing data and documentation from a single place – making it easier to demonstrate compliance during tax audits.
We prioritize the security and privacy of your sensitive data, which is why we are ISO27001 and SOC2 Type 2 certified. All data is stored and transmitted in a secure and compliant manner.
For large businesses operating globally, an end-to-end platform specifically designed for transfer pricing collaboration is transformative. Through technology, it brings together global teams, trusted advisors, and even regulatory bodies to collaborate and offer solutions that are efficient, cost-effective, and adaptable to the rapidly changing global tax landscape.
Easily scale as the corporation grows and transfer pricing complexities increase – have the flexibility to adapt to change without time-consuming manual reconfigurations, unlike rigid generalist software.
Embrace global data standardization, whilst still benefiting from an irreplaceable understanding of local nuance, be it from the local team or a local advisor.
Ensure tax teams spread across global locations can access the centralized platform anytime, anywhere – promoting international collaboration and consistency, while keeping user access management.
We are now managing most of our entities on the Aibidia Platform without increasing our resources and I think we have therefore succeeded with our initial goals
I was actually surprised that it was as easy as it was to get started working with the system. The Platform is very logical and it is very easy to work with it